Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Portofino Resources INC. had a highly active 2020 that included 4Read full newsRead More
The recent rally of precious metals that started in 2020 and extends into 2021 has seen silver prices surpass gold’s 24.6% growth in the same period. Silver is valued both as an industrial metal and a precious metal. Many investors use it as a haven in times of economic and stock market uncertainties and as a hedge against inflation. Consequently, silver had a solid run, delivering more than...Read More
The financial media is perpetuating an imminent potential market crash. These ideas are supported by comments made by a number of influential individuals. Among these, Warren Buffett’s overly bearish view on the state of the overvalued markets today concerns many pundits.I think preparing one’s portfolio for a market crash is a prudent move right now. Whether or not a market crash mate...Read More
Last year, the pandemic created panic and led to some crazy rallies. Like every crisis, the stock market plunged and gold price surged, as investors consider it to be a hedge. But even gold is losing its charm as an attractive hedge. Some investors, especially hedge fund investors, got interested in Bitcoin late last year and poured in billions of dollars. Bitcoin surged from $14,880 to over $50,0...Read More
Is bitcoin’s outrageous rally in 2021 an indication the digital currency is ready to replace gold as the place of stored wealth? Even if its market capitalization is now more than that of Berkshire Hathaway, Warren Buffett is unlikely to take a position. The legendary investor has some cruel descriptions for bitcoin before, including rat poison.The legendary investor isn’t a fan of bot...Read More
Bitcoin’s dramatic rise and fall in recent weeks has put cryptocurrencies in the limelight once again. Investors reading the headlines may be at risk of falling prey to being dragged into the fray. I think the hype and hysteria surrounding these speculative assets is likely to remain strong for some time. That said, the degree to which these are extremely risky assets are unquestionable.The...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
The zinc price was the hardest hit as most base metals finished below their psychological price levels on Friday January 15, with a high US dollar resulting in further signs of consolidation taking hold at the London Metals Exchange.Zinc's three-month price closed 2% lower on Friday at $2,699 per tonne, compared with Thursday's closing price of $2,757 per tonne, which was also a 0.6% decrease...Read More
Annual zinc ingot supply contracts in Northern Europe and Italy have been negotiated for 2021 at markedly lower premiums than in previous years. Deals for 2021 contracts have been reached with premiums on a duty-paid fca basis via Antwerp and Rotterdam at $95-110 per tonne level, sources told Fastmarkets, while some market participants said that anything above $105 per tonne was "unachievable" dur...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
Adam HamiltonArchivesJan 15, 2021 Gold plummeted last Friday, dragging silver and their miners' stocks down with it. That was reminiscent of another brutal down day in early November. While certainly uncommon, sharp selloffs naturally freak out traders crushing any bullish sentiment. Serious gold down days are nearly always driven by heavy speculator selling in super-leveraged gold futures. The ri...Read More
Prices for molybdic oxide and ferro-molybdenum came under pressure from profit taking in the second half of the week ended Friday January 15, and gave up some of their recent gains following swift gains earlier in January. Fastmarkets' assessment for ferro-molybdenum 65% Mo min, in-whs Rotterdam fell slightly to $24.60-25.10 per kg on January 15, from $24.70-25.20 per kg two days earlier.Fast...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday January 15. China Domestic spot ferro-silicon prices resumed their upward trend, prompted by rising futures prices. The current level is the highest since December 2018.The most-actively traded May ferro-silicon futures contract price on the Zhengzhou Commodity Exchange closed at 7,930 yuan ($1,226)...Read More
Copper concentrate TC/RCs remained at low levels as of January 15, with smelters in China continuing to purchase available spot cargoes when offered, sources told Fastmarkets.Fastmarkets' copper concentrates TC index, cif Asia Pacific was $40.10 per tonne, down marginally from $40.30 per tonne a week ago.Deals to smelters were done at TC/RCs in the range of $44/4.4 cents -...Read More
The find occurred over the Christmas period from milling of ore sourced from the south western quadrant of Karowe's South Lobe.Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield...Read More
Sentiment in the key global scrap markets has turned negative in the week to Friday January 15, with buying activity dipping on expectations of a correction in prices, led by a week-long absence from the markets by Turkish buyers after a prolonged period of soaring prices.Turkish prices drop $20 per tonne before weekendUS export prices up on recent tradesBuyers withdraw from market in Vietnam on e...Read More
The British light iron market hit ?150 per tonne in the week ending Friday January 15, a level last seen almost eight years ago, amid firm fundamentals, reduced supplies coming into yards and strong export demand, trade sources said.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?140-150 ($191-205) per tonne on Friday, up fro...Read More
Turkish deep-sea scrap import prices have gone down sharply on a fresh Baltic Sea cargo deal sold at the end of the week, sources said on Friday January 15.A steel mill in northern Turkey booked a Baltic Sea cargo at $460 per tonne cfr on a heavy melting scrap 1&2 (80:20) basis. The cargo composition was not clear at the time of publication.This was compared with the US cargo sold at $485 per tonn...Read More